The resale right was introduced on 1 April 2006 and applies to:

Original works of art created by artists (alive or up to 70 years after death), who are nationals or residents of a country affiliated to the EU or EEA or of a country granting an equal resale right.

Arts & Antiques Group BV will recover the legally required resale right compensation from the buyer and will take care of the financial settlement.

The resale right compensation is calculated from € 3,000 on the sales price including premium (excluding VAT) and is composed of the following percentages:

€3.000 - €50.000 4%
€50.000 - €200.000 3%
€200.000 - €350.000 1%
€350.000 - €500.000 0,5%
€500.000 - 0,25%

(with a maximum of € 12,500)